Hey guys. We didn't get the L3 extension we were expecting. It's starting to look like EU may be ready to start the reversal into the next cycle. Although we didn't get the 50 pip close away from daily open to officially lock the peak high, we still have to respect the structure to the leaf as the peak. Price and been showing level 3 behavior with the last days...
Hey guys! I hope everyone had a great weekend. Often times in level 3, we see the MMs extend before setting the peak for reversal. This extension is what creates 3x the pair's average daily range. To begin the week we are looking for the MMs to continue to push the price up in EU while dropping the price in the DXY. Don't be in a rush to jump into the market....
BOOM! We just saw our L3 push. It's SUPER early in L3 and we'll know better when the market closes. This is to highlight the power of 3s. If you think like a retail trader you will get burned over and over again. We still have a ways to go before the price reaches 3x its average daily range. I do expect for EU to continue to rise for the rest of the week. If you...
Today we saw GU drop into L3. It's early in level so be prepared for the MM to extend the level before rising. On the daily, we saw price break and close below a daily zone flip. Because we are in L3 it is okay to trade both ways. #thepowerof3s #reactdontperdict
Yesterday's close gave us a locked peak. We can now look for entries long. We currently have a bullish H4 harmonic. There is an outside structure pointing short, but I believe the bigger the move will be long. Looks for possible traps through the 200 EMA on the M15. Use the dxy to gauge direction on EU. Happy Trading #reactdontpredict #thepowerof3s
Last week we saw our EU short cycle play out. We are currently in L3 and have a short ways to go before reaching 3xADR. We are expecting EU to reverse and rise soon but we aren't looking to actually enter until have we have a locked peak to confirm our bias. Be patient. #thepoerof3s #reactdontpredict
Today we saw EU sell-off into L3. The daily is trending short. I am expecting for the sell to continue but we are approaching a zone flip on the daily. Remember to use the DXY to confirm movement in EU. #thepowerof3s #reactdontpredict
I'm looking at Friday as a peak reset. The count on EU hasn't been easy lately. When in doubt, sometimes it's best to be patient until the direction is shown. I'm looking for EU to continue down for at least one more push down. It is possible price will push up and trap through the 50EMA before dropping. #thepowerof3s #reactdontpredict
Okay guys! My apologies for being MIA. Family first. My bias in long on EU. We saw some madness surrounding last weeks news but I am expecting EU to rise. We may see an opportunity for an entry during NY session. Maybe a trap through of the 50 EMA and rise from there but be cautious. There will be news. The daily is trending long and I'm also seeing a macro W on...
Sorry for not getting this up sooner. Yesterday we saw some whipsaw action during the news. This could also be considered a board clearing move by the market makers in an attempt to clear all buyer and selles to reset the books. This also created a reset and a macro W. The daily trending long. I am now expecting EU to continue to rise next week. Use the DXY to...
It pays to be patient. We finally saw EU make it's move to the downside yesterday. I'm expecting EU to continue to the downside for the remainder of the week. #thepowerof3s #reactdontpredict
Looks like we got a nice push down during London. My original bias is still in play. Trade safe. EU still has the potential to continue to range. #thepowerof3s #reactdontpredict
EU is in range condition. It would be nice to see a play short off the how of the week. Be ready to trade both ways. To be safe, wait for a breakout to determine direction. If you would like to see a breakdown of another pair, feel free to message me. Updates to come.
Today we saw price come back and test the peak. From what we saw on the DXY, my EU bias is still short. Be cautious holding buys for too long without a break and retest of last weeks high. I'm not seeing anything that would lead me to believe we'll see a re-set but that doesn't mean it's not possible. The daily is showing what could possibly be the beginning of an...
Last week we saw our MMM long cycle play out by TH. We had our peak put in for reversal short and are now looking for opportunities to sell. Remember the market moves in threes and to always use the DXY to gauge EU. #thepowerof3s #reactdontpredict
Per yesterdays close, the peak is officially locked and we can begin to look for opportunities long. There is the possibility that price could come back and text the peak which would put us in line with a mid-week reversal for wed. I'd be cautious with trading back toward the peak. The bigger grabs will be long.
I hope everyone enjoyed the long weekend. This week I am looking for EU to trap through and reverse at one of the zones. The DXY will drive this movement. When the EU locks its peak low we will then look for opportunities long. I would be cautious in holding shorts for too long. Regardless of any analysis, we will play what the market gives. Always keep an open...
1292 and above bullish and anything less will be looking bearish towards 1250-1240.